NSW First-Home Buyer Activity To Surge In NSW

Discussion in 'Where to Buy' started by Tenex, 5th Jun, 2017.

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  1. Tenex

    Tenex Well-Known Member

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    Tenex, 5th Jun, 2017
    #1
  2. Cimbom

    Cimbom Well-Known Member

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    I don't think this will increase sales as much as some seem to think
     
    Cimbom, 5th Jun, 2017
    #2
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  3. sash

    sash Well-Known Member

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    I agree...I was considering selling one or two in NSW...but i won't be as big in Sydney as the regional areas.

    Apparently...they are getting heaps in inquiries on the Central Coast.....but even there the agent reckons it will just add the Stamp Duty amount. Why? The issue is borrowing has tightened a hell of a lot...so people at the margins will find it harder to pay more.
     
    sash, 5th Jun, 2017
    #3
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  4. jprops

    jprops Well-Known Member

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    There's plenty of FHB with great servicing but bugger all deposit me thinks...
     
    jprops, 5th Jun, 2017
    #4
  5. sash

    sash Well-Known Member

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    Maybe.....but the amount of stamp duty is not subtantial....
     
    sash, 5th Jun, 2017
    #5
  6. teetotal

    teetotal Well-Known Member

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    It takes 6+ months on an average income to save equivalent of a stamp duty...and you'll know better than anyone here what happens to property prices in Sydney and surrounds in 6months....:rolleyes:
     
    Last edited: 6th Jun, 2017
    teetotal, 5th Jun, 2017
    #6
  7. Piston_Broke

    Piston_Broke Well-Known Member

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    $2250 on a $650000 is going to cause a "surge"....yeah nah mate.
     
    Piston_Broke, 5th Jun, 2017
    #7
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  8. sash

    sash Well-Known Member

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    LMAO.....hilarious.....but you are 100% correct......
     
    sash, 5th Jun, 2017
    #8
  9. eletronic_exp0430

    eletronic_exp0430 Well-Known Member

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    Funny thing is in Sydney there are only like 5 or 6 suburbs below 650k for a free standing house and land. LOL
     
    eletronic_exp0430, 5th Jun, 2017
    #9
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  10. Biz

    Biz Well-Known Member

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    Ummm it's around 25k...the $2250 is the saving on LMI.

    It's a good chunk for a property around 650k.
     
    Biz, 5th Jun, 2017
    #10
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  11. datto

    datto Well-Known Member

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    Did someone mention Mt Druitt?

    I must be hearing things.

    Why go to the Central Coast where it takes about 1.5 hours to drive to the city. From the Druitt it only takes 1.3 hours.
     
    datto, 5th Jun, 2017
    #11
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  12. RetireRich101

    RetireRich101 Well-Known Member

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    yes house with land are better investment long term, but you're putting your investor hat on..

    If I was starting out, I am ok with 2bed unit in Parramatta which quiet central to everywhere in Sydney. There are over 2000 listing that are 2Bed+ unit under 650k in Parramatta (not including surrounding)...how good the suburbs performs capital growth wise is another topic, FHB knowing they now save 20k now on established suburbs...
     
    RetireRich101, 5th Jun, 2017
    #12
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  13. RetireRich101

    RetireRich101 Well-Known Member

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    @datto, someone stalking you lol.

    upload_2017-6-5_23-12-17.png
     
    RetireRich101, 5th Jun, 2017
    #13
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  14. datto

    datto Well-Known Member

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    Oh no It couldn't be?
     
    datto, 6th Jun, 2017
    #14
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  15. Stoffo

    Stoffo Well-Known Member

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    Better put some gold chains on your avatar :D
     
    Stoffo, 6th Jun, 2017
    #15
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  16. Large

    Large Member

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    My brother is a FHB in Newcastle, he was very cautious prior to the change but is now deadset on a purchase early in the new financial year.
     
    Large, 6th Jun, 2017
    #16
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  17. hammer

    hammer Well-Known Member

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    They just did this in Darwin and it made a huge difference on anything below 550k. Literally turned the market around.

    Different market on the other end of the cycle though....
     
    hammer, 6th Jun, 2017
    #17
  18. Simon L

    Simon L Well-Known Member

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    How many units worth $500k - $600k will now be priced at "$649k + no stamp duty + free car!!!" I wonder?
     
    Simon L, 6th Jun, 2017
    #18
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  19. datto

    datto Well-Known Member

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    I was thinking of some gold teeth.

    With 2770 etched on the front upper.
     
    datto, 6th Jun, 2017
    #19
  20. Jack Chen

    Jack Chen Well-Known Member

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    I don't understand the logic
     
    Jack Chen, 6th Jun, 2017
    #20
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